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I don't agree with you that the principle of HODL is most overrated. As far as I have seen, the principle of holding is the only thing that guarantees a novice or newbie a return on their investment. This means that you can still make profit just by holding your cryptocurrency for a period of time.
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Awesome news. It is heartwarming to see the rate at which countries are beginning to support cryptocurrency. This is enough proof that more cryptocurrency friendly countries will join the support and I hope we would see the impact of this development on the price of cryptocurrencies.
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I don't think these will be possible with your cryptocurrency wallet since you did not submit any identification while you created it but the use of cryptocurrency exchanges can make this possible because so many of the exchanges require you to fulfill KYC before you can use them.
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I am far suspicious that all the clamor for cryptocurrency regulation by government suddenly slowed down. I am only quick to realise that government will only be around if cryptocurrency is booming. At the moment, the price of cryptocurrencies is down and I am sure we will certainly start hearing about regulations again once there is a sustained uptrend.
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Bitcoin is safe you you want to make it safe by keeping your bitcoin in reputable wallet and not leaving your coins on the exchanges, otherwise hackers will be able to have access to your coins and transfer everything you have. So the choice to make bitcoin safe or unsafe is that of the users.
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You are correct OP. Buying or selling is not restricted to a certain period of time. When you think it is not yet time to buy, others are buying and making good money. It all depends on your knowledge of cryptocurrency. Even a newbie can buy at anytime and hold for another long period of time and still make profit.
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Both properties and cryptocurrencies are very good to invest into and can give you a very high returns on your investment. Property is less risky but requires a huge investment amount. On the other hand, you can invest as little as you can afford into cryptocurrency but it is risky.
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The term HODL is not overrated at all. What sence does it make to sell your cryptocurrency at a time like this when you will most likely be doing it at loss. We have to understand that holding encourages scarcity which will eventually help the price of Bitcoin to rise.
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Bitcoin has been used to scam so many people in the past and it is still being used to scam. A lot of HYIP platform use bitcoin in their scam and so many people get trapped because they usually promise high interest and they will suddenly disappear after receiving a good number of deposits from their victims.
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Competition cannot be written off on this kind of big forum where interest can play a vital role. Everyone wants to say the good things about the cryptocurrency he is promoting. For me, it is not a bad idea as long as the competition is healthy and what they are saying is a verifiable fact.
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Buying and holding is the best thing at a time like this because you will be buying at a very low price and be able to sell at a high price later. For one reason or the other, people still continue to see their cryptocurrencies. Some are even selling at loss due to the fact that they have urgent need to meet.
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All the cryptocurrencies are experiencing a drop in price at the moment. Bitcoin still remains the cryptocurrency to invest into because it is already established. However, there are other very good altcoin that one can invest into but you have to be sure about them.
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